Results and update: The rally may resume into the weekend
|10/20 Recap: - The S&P opened with an 4 handle gap up and continued 17 handles higher into a 10:35 AM high of the day, about 23 minutes ahead of the Full Moon. From that high, the S&P pulled back 7 handles into an 11:05 AM low. From that low, the traded into a very narrow 5 handle range, culminating with a high at 1:00 PM. From that high, the S&P declined 12 handles into a 1:21 PM low. From that low, the S&P rallied 15 handles into a 3:08 PM high. From that high, the S&P declined 9 handles into a 3:39 PM low. From that low, the S&P rallied 7 handles into the close.
10//20 – The DJIA and the S&P had a moderate up day and the Nasdaq closed lower with following closes:
The DJIA + 152.03; S&P 500 + 16.56; and the Nasdaq Composite - 7.41. The DJIA made a new all-time high at 35,669.69.
Looking ahead – Wednesday, the market made It’s high of the day about 35 minutes ahead of the exact 10:58 AM Full Moon.
At a minimum, there should be a short term correction. If it doesn’t get rolling on the downside by mid-day Thursday, the rally may resume into the weekend.
The NOW Index is in the NEUTRAL ZONE.
Coming events
(Stocks potentially respond to all events).
4. A. 10/22 AC – Mercury Greatest Elongation West. Major change in trend Corn, Oats, Soybeans, Wheat.
B. 10/22 AC – Jupiter 150 US Neptune. Moderate change in trend US Stocks, T-Bonds, US Dollar, & Oil.
C. 10/22 AC – Uranus 90 US MC. Major change in trend US Stocks, T-Bonds, US Dollar.
Stock market key dates
Fibonacci – 10/29.
Astro – 10/25, 10/29 AC.
Please see below the S&P 500 10 minute chart.
Support - 4510, 4420, Resistance – 4545.
Please see below the S&P 500 Daily chart.
Support - 4510, 4420, Resistance – 4545.
Please see below the Planetary Index charts with S&P 500 10 minute bars for results.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.